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| B&W and Thermax form Indian JV agreement Houston-based McDermott International, Inc. announced that one of its subsidiaries, Babcock & Wilcox Power Generation Group, Inc. and Indian energy-environment solutions provider Thermax Ltd. have formed a joint venture to build highly efficient subcritical and supercritical boilers and pulverizers for the Indian utility boiler market. The new joint venture company will have its headquarters at Pune in the Maharashtra State of India. Under the terms of the agreement, B&W will also license its technology to the joint venture company for subcritical boilers 300 megawatts (MW) and larger, supercritical boilers and coal pulverizers. The joint venture will have the full capability to engineer, manufacture and manage large power projects for the Indian power sector. As part of the agreement, the partners will also construct a new pressure parts fabrication facility in India. write your comments about the article :: © 2010 Construction News :: home page |